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Wow, you were not kidding at all. 148 people with pay over a million dollars. We need a much lower ceiling on pay when it comes to public institutions that are

Wow, you were not kidding at all. 148 people with pay over a million dollars. We need a much lower ceiling on pay when it comes to public institutions that are supposed to be not for profit. My thought is a cap on the multiplier on the minimum wage (for example, a 50 times multiplier at a minimum wage of $15 per hour would mean an annual cap of $15 * 2000 * 50 or $1.5M). Similarly, a private corporation could declare that it will cap its pay at 100 times multiplier of the minimum wage. I think this is something the Regents of the University of California system could easily impose if they had the will to do so. Would a pay policy like that be illegal? Would it be considered conspiring or "fixing" if it applies to everyone at the organization?

versteegen 11y ago
You misread the page. The table of top salaries contains separate rows for each year between 2004 and 2014. I can't figure out how to show only a single year, but it would be about 25 people making over $1M/yr (since most of those rows are since 2010). I don't see what being not-for-profit has to do with salary caps. But the whole reason that the head coach is paid so much is that the football team is being run as a for-profit enterprise, which is a seemingly rational thing for the university to do, yet I think it makes sense to restrict universities from distracting themselves with that sort of enterprise related to their purpose.